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The weekend at a glance. On the lookout for great possible trade prospect!
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So here it is ... https://www.nigeriaforextrading.com/...9298258378.jpg
Let's look at a higher timeframe, trade chance USD/CHF
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1. ) The debate for opening trade:
#24232081 EUR/JPY 26.02.18 17:11
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A - DIVERGENCE on H1 TF
B - Murrey Match lines -1/8 - Over Sold (Too low on excitement ) - - - -
(Prices may never make it through online ) / based on the principle of 75 percent
1. Risk Reward ration 1:2 (Tp1)
2. Max: Risk-Reward Ration 1:4 (Tp2)
3. Volume per trade two%
4. MANAGEMENT #8211;
We plan for Tp1 (1:2), at the same time we have a divergence on H4, and since we're still in a downtrend we proceed just to get a sure TP1 level of RRR 1:2
I rest my case based on the following argument, and let#8217;so remember that the market isn't a bargaining chip, and that I take the risk of 2% from this equilibrium.
The argument for opening the trade: #24327350 NZD/USD 27.02.18 10:59 M15
A #8211; H4 SUPERTREND #8211; DOWNTREND; H1 SUPERTREND #8211; DOWNTREND
We're going with the trend towards M15 (4/8) MM - pivot line
The upward divergence has been rejected at T1, by H1 SUPERTREND!
B 8211; Hidden divergence on M15, M30
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1. Risk Reward Ration 1:2 (T1 #8211; intending at the amount to BE) and run for RRR1:3
2. Close trade at (Tp2)
3. Volume per trade 2%
4. MANAGEMENT #8211; We plan for Tp2 (1:3). Once price gets at Tp1 #8211; pivot line M15 (4/8) MM, we procure our trade by moving SL to BE
Outcome - trade 24327350 NZD/USD 27.02.18 10:59 M15 stopped out at BE by news
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I rest my case based on the following argument, and let's not forget that the market is not a bargaining chip, and I accept the risk of 2 percent from this balance.
The argument for opening the transaction: #24438754 EUR/USD 28.02.18 06:43 M15
A -- PRICE STAL on M15 (1/8 MM) -- Fast reverse line (weak) Weak, Stall and Reverse. This line is weak. If prices run down too far too quickly, and if they stall at this line they'll reverse up quickly. If prices do not stall at this line they'll move up to the 0/8 line.
B -- Frequent divergence
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1. Risk Reward Ration 1:2 (T1 -- planning at the level to BE) and also to run for RRR1:2
2. Close commerce at (Tp2)
3. Volume per commerce two%
4. MANAGEMENT -- We target Tp2 (1:2). When the price gets at Tp1 -- (2/8) MM, we procure our commerce by moving SL to BE.
I rest my case based on the following debate, and let#8217;s not forget that the market isn't a bargaining chip, and that I take the risk of 2% out of the equilibrium.
The debate for opening the transactions:
#24465099 USDJPY 28.02.18 12:04 M5
A #8211; H4 SUPERTREND #8211; UPTREND; H1 SUPERTREND #8211; UP
B - At M5 (0/8) #8211; it's the hardest line to collapse below. This line is the hardest to penetrate on the way down and provide the biggest support. Same time as resistance we've H4 SUPERTREND #8211; UPTREND.
It is possible to have a HEAD AND SHOLDERS formation as well, sustained from the hidden divergence on M5.
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Additionally on the higher time frame H1 we have a trend continuation hidden divergence also.
#24464618 USDJPY 28.02.18 12:00 H1
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Number 24465099 USDJPY 28.02.18 12:04 M5
Here come trading diary!